Tony Bishop’s Pan Pacific fund gets US$24M from NZVIF, Taiwan partner

Wed, 30 Oct 2013

Oct. 30 (BusinessDesk) – Venture capitalist Tony Bishop’s Pan Pacific Capital venture capital fund has got funding commitments of US$12 million apiece from the NZ Venture Investment Fund and Taiwan’s National Development Fund and said it’s nearing a US$40 million target needed to start investing. Pan Pacific is the first fund to win a commitment from NZVIF and NDF under a US$160 million partnership between the two bodies agreed last year. That co-fund was established for five years with a maximum US$20 million apiece for any single fund and a...

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